Albany, NY, April 8, 2015 (GLOBE NEWSWIRE) -- A new market study published by Transparency Market Research (TMR) presents a comprehensive analysis of the global sterilization equipment and disinfectants market. The report is titled "Sterilization Equipment and Disinfectants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019".
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Sterilization equipment and disinfectants are used to sterilize medical instruments, pharmaceutical components, and laboratory equipment. Sterilization equipment and disinfectants are essential components for infection control, as medical devices need sterilization and disinfection after being used, since they get contaminated with bioactive components.
The global market for sterilization equipment and disinfectants had reached a value of US$5.13 billion in 2012. It is estimated that the market will register a cumulative average growth rate of 8.5% during 2013 to 2019, and reach US$9.15 billion by 2019.
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The market research report, inclusive of a detailed analysis of past performances, current trends, and future prospects of the global sterilization equipment and disinfectants market, makes for an informative and engaging piece of study.
The research report discusses the types and applications of sterilization equipment and disinfectants, in which sterilization equipment holds around 70% of the market based on revenue. The market for sterilization equipment is likely to rise at a 9.1% CAGR, which is expected to be the highest among all segments from 2013 to 2019. This development is credited to the user-friendliness and broad application area of the sterilization equipment market. In addition to this, sterilization equipment is safer to use than active disinfectants, which come with their own set of possible side-effects.
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In 2012, the heat sterilization equipment market held the largest share on the basis of revenue in the total sterilization equipment market. It is likely to increase at an 8.6% CAGR from 2013 to 2019. This development is credited to the fact that heat sterilization equipment is more user-friendly and safer as compared to low-temperature sterilization equipment and others. However, low temperature sterilization is likely to register a growth at the highest, 10.9% CAGR during 2013 to 2019.
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Regionally, North America held the largest share of the global sterilization equipment and disinfectants market, holding more than 40% of the sterilization equipment and disinfectants industry in 2012. Increase in demand for non-disposable surgical devices such as distracters, endoscopy devices, and forceps are the growth drivers behind the rise of the sterilization equipment and disinfectants market in North America. Asia Pacific is the fastest developing sterilization equipment and disinfectants market, increasing at a 10.9% CAGR from 2013 to 2019.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Source:Transparency Market Research